Happy New Month people! 


Everybody should be looking to hit the ground running as borders finally open back up.  International business is admittedly one of the most lucrative opportunities for entrepreneurs. However, many import export business ideas never take off. Some traders weigh the risk against potential benefits and feel they would much rather keep on trading within their countries’ borders. The recent global pandemic and closure of borders can discourage quite a number of us looking in this direction. However, as the world opens up, there are tried and tested means of maximising your import and export business in Nigeria. Here are a couple of useful tips to help you out - 


1. Make a good business plan and follow through - It is one thing to make a good import export business plan and quite another to go through with it. Many traders fall into the trap of devising an impressive plan on paper but soon choose to go with the flow. Your plan serves as an accountability tool to keep you in check. 
2. Customize products for Niche Markets - The best way to start a business in Nigeria especially is to build a relationship. You might need to go beyond telephone calls and emails and actually spend time with the people you want to work with. This is the only way to really connect and secure your potential customers’ loyalty.
3. Spreading Your Risks - One of the top aspects that make international trade a maximum profit business is the vast market size. This implies that one of the best strategies on how to improve profit is to sell in every conceivable market.Doing this shields your business against the risks that could cripple operations in one or more markets. 
4. Effective Cost-Reduction Tactics for International Trade - One of the biggest challenges traders face in international trade is the cost incurred in trading across borders. Finding a way to reduce such costs would in effect increase profits on every transaction.


To maximise profit, you must be mindful of your cost margin at every stage - For this I recommend using MVXtransit.com  

MVXtransit organizes the flow of import, export, regional and in-country trade freights for African businesses. With a user friendly platform, you can automate the movement of your goods in and out of the country. They offer additional consultancy services on packaging and even legal. Visit mvxtransit.com to maximise your import/export profit today.

This is really cool.

International trade has always been a profitable sector. Different countries with their peculiarities determine how profitable import is as compared to export.